Weekly Recap

Soybean futures moved higher for a second consecutive week, gaining 2% or 21 cents per bushel. The March contract finished the week 21.25 cents higher at $10.67½, while the May contract added 20.5 cents and closed at $10.76 per bushel. Export sales continued to improve and were up 258% week over week. Export sales were 22% higher than the prior 4-week average and at 1,046.3 TMT, they exceeded analyst’s projections that ranged from 350 to 650 TMT….